Government shutdown could delay tax refunds
Matt BosterViewed: 5276
Posted by: Matt Boster
Date: Jan 19 2018 1:33 PM
Filing season for the 2017 tax year - the time when the Internal Revenue Service begins processing returns - will begin on Jan. 29. If Congress can't reach a funding agreement tonight and many government services shut down, there could be a delay for those waiting on their tax refunds.
According to the Center for American Progress, 90 percent of IRS workers were off the job during 2013's 16-day government shutdown. As a result, some $2.2 billion worth of tax refunds to individuals were delayed.
"This was not the only impact of the shutdown at the IRS: Taxpayers were unable to receive tax help from in-person sites or by phone, the IRS could not verify incomes for people attempting to buy a house or get a loan, and $1.5 billion in refunds to businesses were delayed," CAP said.
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